Multiple Choice
Why are economists more interested in relative prices rather than money prices?
A) because relative prices frequently decline due to deflationary trends
B) because economists are not concerned with real-world activities, just theoretical models
C) because relative prices are the actual dollar prices paid by consumers
D) because what matters is how much the price of a good has changed relative to substitute products
Correct Answer:
Verified
Correct Answer:
Verified
Q62: FIGURE 3-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 3-4
Q63: FIGURE 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 3-1
Q64: FIGURE 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 3-3
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